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Setup an Emergency Savings Account Online The coronavirus has impacted all of us and we are working closely with our customers to adjust during these uncertain times. One best practice customers may want to consider is setting up an emergency savings account. This emergency savings account can be created online without having to visit a branch. What is an emergency fund? An emergency fund is a separate account that can be used to help cover unforeseen expenses like a broken air conditioner or heater, auto repairs, medical treatment, or some other type of emergency. Each month, you can...

How Paying Bills on Time Can Improve Your Life Paying your bills on time is one of the key aspects of taking charge of your financial life. Not only does paying bills on time help you avoid a number of nasty repercussions, but it can also have lots of short and long-term positive side effects. Click here to view an important note before clicking on links within the video. Avoid Late Fees Arguably the most immediate reason to pay bills on time is to avoid late fees. Some companies and services will charge late fees just minutes after a payment is due. It’s especially...

Avoid Using Your Savings For the Unneeded Things Sometimes there’s not enough room in the budget for extras. Perhaps you have your eye on a new pair of shoes, are eager to upgrade your living room with a new couch or you have to be the first in your friend group to possess the latest gadget. If you need funds for a shopping spree or splurge, consider the following tips to earn extra money. Get a Side Gig A part-time job or side gig is one way to earn another paycheck to cover wanted expenses. If you love dogs, offer your services as a dog sitter or dog walker. NerdWallet recommends the Wag...

Discover the empowerment of having a solid credit score Achieving and maintaining a good credit score will enable you to fund the major purchases that you’ve been dreaming about. Here are just some of the doors that having a positive credit history will open for you. More Confidence in Obtaining a Loan Granted, financial institutions take more than just your credit score into account when you apply for a loan. For instance, they consider your debts and income. But a good credit score will increase the likelihood that you’ll get approved for the loan you need, as The Balance’s Latoya Irby...

Practices that reduce your spending and save you money The foundation of successfully managing your finances is budgeting, and a pillar of budgeting is learning to distinguish your needs from your wants. If you can’t differentiate those, you could wind up overspending on luxuries that you can’t afford. Give your budgeting skills a refresher by improving your ability to distinguish your wants from your needs. Why Should You Budget For Your Wants? If something makes you happy, why should you deny yourself that pleasure? Haven’t you earned that indulgence for working hard every day? The problem...